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The non-fungible token market is making a strong comeback after more than four weeks of downward spiral. The emerging sector, which was sizzling hot two years ago before plummeting to earth, is expected to likely test another bull run on the market before the end of this year. In this article, we will examine the complete status of NFTs in the last seven days.
NFT Sales Surge 46% This Week
Data collected by cryptoslam.io, an on-chain market data aggregator, indicates that the global non-fungible token market has increased in trading sales volume. Over the past seven days, the NFT market has achieved a trading sales volume of $289 million, which represents an increase of 46.80% from the past week.
Non-fungible token collections hosted on the Bitcoin blockchain network, the same network that hosts the flagship crypto Bitcoin, ‘BTC’, are the most traded NFT collection this week. Over the past seven days, Bitcoin-based NFT collections have amassed a trade sales volume of $27 million, marking a 23% increase from the previous week.
Source: CryptoSlam.io, NFT sales volume by blockchain in the last 7 days
Digital collectibles on Ethereum, the once predominantly NFT blockchain, are the second most traded NFT collections this week. Over the past seven days, Ethereum-based NFT collections have recorded a trade sales volume of $9.7 million, up 7.09% from the past week.
Non-fungible tokens hosted on Solana, an open-source blockchain that supports smart contracts, including non-fungible tokens and various decentralized applications, and Polygon, an Ethereum scaling solution, are the third and fourth most traded NFT collections this week. Over the past seven days, Solana NFTs have recorded a trade sales volume of $5.2 million, while Polygon NFTs have amassed a sales volume of $1.3 million.
Ten best-selling NFTs this week
Source: CryptoSlam.io, top selling NFTs in the last seven days
1. Bitcoin Ordinals Collection ‘Uncategorized’
Bitcoin Ordinals, a non-fungible token collection created on the Bitcoin blockchain network using Nakamoto’s ordinal theory and consisting of NFT collections such as Runestones NFTs, is the top-selling NFT collection this week. Over the past seven days, the Bitcoin ordinal collection has amassed a trading sales volume of $54 million, marking a 168% increase from the previous week.
2. $PUP BRC-20 NFT Collection
$PUP, a non-fungible token collection created on the Bitcoin blockchain network using the BRC-20 protocol, is this week’s second best-selling NFT collection. Over the past seven days, the $PUP BRC-20 NFT collection has recorded a trade sales volume of $26 million, which represents an increase of 5,621% from the past week.
3. Froganas NFT Collection
Froganas, a limited edition non-fungible token collection of 5,555 humanoid frogs hosted on the Solana blockchain network, is this week’s third best-selling NFT collection. In the last seven days, the Froganas NFT collection has registered a sales volume of $12.9 million. Froganas NFT trading volume is up 268% this week compared to last week.
4. NodeMonkes NFT collection
NodeMonkes, an NFT collection with a limited supply of 10,000 NFTs hosted on the Bitcoin blockchain network, is the fourth best-selling NFT collection this week. Over the past seven days, the NodeMonkes NFT collection has amassed a trade sales volume of $12.6 million. NodeMonkes NFT trading volume has increased by 103% in the past week.
5. DMarket NFT Collection
DMarket, a non-fungible token collection from a renowned virtual asset marketplace, DMarket hosted on the Mythos Chain blockchain network, is the fifth most sold NFT collection this week. Over the past seven days, the DMarket NFT collection has recorded a trade sales volume of $7.1 million, which represents an increase of 10.81% from the past week.
Source: CryptoSlam.io, top selling NFTs in the last seven days
6. Bored Ape Yacht Club NFT Collection
Bored Ape Yacht Club, the flagship NFT collection for digital asset incubation studio Yuga Labs with a fixed edition of 10,000 NFTs hosted on the Ethereum blockchain network, is the sixth best-selling NFT collection this week. Over the past seven days, the Bored Ape Yacht Club NFT Collection has recorded a trade sales volume of $6.5 million, down 2.44% from the past week.
7. Tensorians NFT Collection
Tensorians, an NFT collection from the NFT market platform Tensor with a limited supply of 10,000 pixilated NFTs hosted on the Solana blockchain network, is this week’s seventh best-selling NFT collection. The Tensorians NFT collection has generated a trade sales volume of $6.3 million over the past seven days. Tensorians NFT trading volume is up 54% this week compared to last week.
8. Dokyo NFT Collection
Dokyo, a non-fungible token collection with a limited supply of 5,555 NFTs hosted on the Avalanche blockchain network, is the eighth best-selling NFT collection this week. The Dokyo NFT Collection has amassed a trade sales volume of $5.4 million over the past seven days, marking a 219% increase from the past week.
9. Mad Lad NFT Collection
Mad Lads, an NFT collection from Solana framework development company Coral, with a limited set of 10,000 NFTs hosted on the Solana network, is this week’s ninth best-selling NFT collection. Over the past seven days, the Mad Lads NFT collection has recorded trade sales of $5.2 million, which represents a decline of 12.77% from the past week.
10. CryptoPunks NFT Collection
CryptoPunks, a non-fungible token collection formerly from digital asset incubation studio Larva Labs but now owned by Yuga Labs, creator of the Bored Ape Yacht Club, is this week’s tenth best-selling NFT collection. Over the past seven days, CryptoPunks, an NFT collection with a limited supply of 10,000 NFTs hosted on Ethereum, has amassed a trade sales volume of $3.3 million, closing out our top ten best-selling NFTs this week.
Top NFT sales this week
CryptoPunks #2306 was the most expensive NFT collection sold this week, selling for more than $1 million four days ago. LockDealNFT #51202 was the second most expensive NFT collection sold this week, selling seven days ago for $651,963. The Bitcoin Ape #2301 was the third most expensive NFT collection sold this week, selling seventeen hours ago for $459,437.
Source: CryptoSlam.io, Most Expensive NFTs Sold in the Last 7 Days
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